Signed Aug 5, 2026
| Tranche | Size | Matures | Margin |
|---|---|---|---|
| Revolving credit facility | $20m | Aug 2031 | n/a |
| Term Loan Tranche 1 | n/a | Aug 2031 | n/a |
| Term Loan Tranche 2 | n/a | Aug 2031 | n/a |
Priced over Term SOFR, floor 100 bps (Revolving credit facility).
| Level | Condition | Margin | Unused fee |
|---|---|---|---|
| Level Flat | all times | n/a | n/a |
Priced over Term SOFR, floor 100 bps (Delayed draw term loan).
| Level | Condition | Margin | Unused fee |
|---|---|---|---|
| Level Flat | all times | n/a | n/a |
Springing: during a Financial Covenant Testing Period
Credit Parties shall not permit Net Revenue for any Defined Period ending during a Financial Covenant Testing Period to be less than $70,000,000, as tested quarterly as of the last day of each applicable Defined Period (the “Minimum Net Revenue Covenant”); provided however, that Borrowers shall be deemed to be in compliance with the Minimum Net Revenue Covenant irrespective of the actual Net Revenue amount if Credit Party Unrestricted Cash is equal to or greater than $65,000,000 at all times during the applicable Financial Covenant Testing Period.Read the filing on sec.gov ↗
Springing: at all times during each Minimum Cash Testing Period
At all times during each Minimum Cash Testing Period, Credit Parties shall not permit Credit Party Unrestricted Cash to be less than $65,000,000.Read the filing on sec.gov ↗
No amendments on file yet.
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